Download
1 / 8
80 likes | 89 Views
Strong recovery from the crisis resulted in notable economic growth, especially in the developing economies, and has led to an increase in disposable income among the middle-income groups. In addition, upsurge in disposable income of individuals in Europe and Asia-Pacific acts as a major driver for the market.
E N D
Fraud Detection & Prevention Mark Travel Retail Market 208 Pages Report Skim Market Market Met Global Opportunity Analysis & Industry Forecast, 2014-2022 Opportunity Analysis and Industry Forecast, 2014 - 2022 Global Opportunity Analysis and Industry Forecast, 2014-2022 Opportunity Analysis and Industry Forecast, 2014-2022 Global Opportunity Analysis and Industry Forecast 2030 Global Opportunity Analysis and Industry Forecast, 2014-2022 Global Opportunity Analysis and Industry Forecast, 2014 - 2022 Global Opportunity Analysis and Industry Forecast, 2017-2023 Global Opportunity Analysis and Forecast 2022 Global Opportunity Analysis and Industry Forecast 2025 Download Request Sample
Travel Retail Market “Improvement in economic condition and growth in disposable income are the two key factors that propel the growth of the travel retail market. After the 2009 economic crisis in Europe and the economic crisis in China, the world economy witnessed a standstill. However, strong recovery from the crisis resulted in notable economic growth, especially in the developing economies, and has led to an increase in disposable income among the middle-income groups. In addition, upsurge in disposable income of individuals in Europe and Asia-Pacific acts as a major driver for the market.” Download Request Sample
Travel Retail Market Travel Retail Market by Product and Channel: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,the global travel retail market size was valued at $74.9 billion in 2017, and is projected to reach $153.7 billion by 2025, growing at a CAGR of 9.6% from 2018 to 2025. Perfumes & cosmetics segment has a strong customer base in the global travel retail market. Some of the leading companies, such as Estee Lauder, LOral, Rituals Cosmetics, Revlon, and others, are expanding their businesses by opening their outlets at every international airport with an exclusive and a wide range of fragrances and skin care products. This is because billions of people travel internationally every year and spend money and time at airports. The travelers get a lot of free time at the airport to browse and buy products. In addition, travel retail creates more visibility for their products, which draws the attention of new customers in different countries and increases brand loyalty of existing customers. Download Request Sample
Travel Retail Market Development of the travel & tourism industry, rapid urbanization, and changes in lifestyle, owing to increased disposable income of consumers drive the growth of the travel retail market. In addition, increase in travel & tourism or international tourist arrivals in the emerging economies, such as Asia-Pacific and LAMEA is anticipated to create lucrative opportunities for the global travel retail market. However, unorganized local markets and stringent regulations in airport retailing hamper the growth of the travel retail market. Wines & spirits is the second largest revenue contributor in the global travel retail market. The consumption of wines, particularly luxury wines and spirits has witnessed considerable growth in the past few years. Wines & spirits, of the total, have 15.9% of the travel retail market share. Download Sample @ https://www.alliedmarketresearch.com/request-sample/1606 Download Request Sample
Travel Retail Market In addition, it has been observed that luxury wines & spirits are highly preferred by the international passengers, which leads to the growth of the market. Passengers travelling over distances mostly prefer wines & spirits. Also, the growth in culture of owning luxurious goods and consumption of expensive wines & spirits are driving the growth of the market. Asia-Pacific is the largest travel retail market in the world, and is growing at the fastest rate owing to improvements in living standards, rise in disposable income, improvement in lifestyle, and development of the tourism industry. Make an Enquiry before Buy @ https://www.alliedmarketresearch.com/purchase-enquiry/1606 Download Request Sample
Travel Retail Market • Major Companies: • DFS Group • Dufry • LS travel retail • Lotte Duty Free • King Power International Group • The Shilla Duty Free • Gebr • Heinemann • China Duty Free Group (CDFG) • Aer Rianta International (ARI) • The Naunace Group. Download Request Sample
Travel Retail Market • Key Findings of the Travel Retail Market : • By channel, the airports segment accounted for the maximum market revenue in 2017, and is projected to grow at a CAGR of 9.6% during the forecast period. • By channel, the border, downtown, & hotel shops segment is expected to grow at the highest CAGR of 10.1%. • By product type, the perfumes & cosmetics segment accounted for more than 31% of travel retail market share in 2017, and is expected to dominate the global market by 2025. • By product type, the luxury goods segment is expected to grow at the highest CAGR of 12% during the forecast period. • Access full report@ https://www.alliedmarketresearch.com/travel-retail-market Download Request Sample
Travel Retail Market • Contact: • David Correa • 5933 NE Win Sivers Drive • #205, Portland, OR 97220 • United States • Toll Free (USA/Canada): • +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 • UK: +44-845-528-1300 • Hong Kong: +852-301-84916 • India (Pune): +91-20-66346060 • Fax: +1⟨855⟩550-5975 • help@alliedmarketresearch.com • Web: https://www.alliedmarketresearch.com Download Request Sample
